Vault-13

CAMBRIA ETF TR TAIL

TAIL RISK · ETP · CUSIP 132061862

58 institutional holders +7 vs Q1 2026
7,793,3617.8m shares reported held*
$82.9mreported value*
16 new 16 added 11 reduced 11 sold out net sold ≈ $19.0m (-1.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.63. Options: 0 managers hold calls (— notional), 1 hold puts ($2.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 48Q1 23: 51Q2 23: 52Q3 23: 51Q4 23: 41Q1 24: 33Q2 24: 31Q3 24: 33Q4 24: 31Q1 25: 33Q2 25: 50Q3 25: 39Q4 25: 46Q1 26: 51Q2 26: 5858Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202254
Q4 202248
Q1 202351
Q2 202352
Q3 202351
Q4 202341
Q1 202433
Q2 202431
Q3 202433
Q4 202431
Q1 202533
Q2 202550
Q3 202539
Q4 202546
Q1 202651
Q2 202658

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 20 bought or addedQ3 24: 13 cut or sold outQ4 24: 13 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 16 cut or sold outQ2 25: 32 bought or addedQ2 25: 19 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 28 cut or sold outQ4 25: 27 bought or addedQ4 25: 17 cut or sold outQ4 25Q1 26: 30 bought or addedQ1 26: 19 cut or sold outQ2 26: 32 bought or addedQ2 26: 22 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242013
Q4 20241318
Q1 20251816
Q2 20253219
Q3 20252028
Q4 20252717
Q1 20263019
Q2 20263222

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 25 calls: $0Q3 25 puts: $54.0kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $509.0kQ4 25P/C —Q1 26 calls: $0Q1 26 puts: $1.4mQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $2.4mQ2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$54.0k—
Q4 2025$0$509.0k—
Q1 2026$0$1.4m—
Q2 2026$0$2.4m—

Biggest buyers

MATHER GROUP, LLC. New +245,958+246.0k
Persium Advisors, LLC New +144,900+144.9k
COMMONWEALTH EQUITY SERVICES, LLC Added +90,706+90.7k
OSAIC HOLDINGS, INC. Added +84,603+84.6k
OLD MISSION CAPITAL LLC New +73,178+73.2k
HighTower Advisors, LLC Added +71,197+71.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +54,391+54.4k
Arrowroot Family Office, LLC New +48,764+48.8k
Professional Financial Management, Inc. Added +42,624+42.6k
Fermata Advisors, LLC New +37,252+37.3k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -904,187-904.2k
Beaumont Financial Advisors, LLC Sold out -710,791-710.8k
Soltis Investment Advisors LLC Reduced -401,094-401.1k
FSA WEALTH PARTNERS, INC. Sold out -265,273-265.3k
Ferguson Shapiro LLC Sold out -154,600-154.6k
NINE MASTS CAPITAL Ltd Sold out -128,015-128.0k
Ascentis Independent Advisors Sold out -81,996-82.0k
RAYMOND JAMES FINANCIAL INC Reduced -73,176-73.2k
Focus Partners Wealth Reduced -59,246-59.2k
Sierra Capital LLC Reduced -49,100-49.1k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC Added $2.4m230.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 1,429,5041.4m $15.2m $15.2m 0.01% Added +71.2k +71,197
2 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 1,353,7291.4m $14.4m $14.4m 0.01% Reduced -59.2k -59,246
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,022,0351.0m $10.9m $10.9m 0.00% Reduced -904.2k -904,187
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 990,979991.0k $10.5m $10.5m 0.00% Reduced -29.3k -29,256
5 Professional Financial Management, Inc. 8.42% of their portfolio APPLETON, WI 781,347781.3k $8.3m $8.3m 8.42% Added +42.6k +42,624
6 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 288,781288.8k $3.1m $3.1m 0.00% Added +84.6k +84,603
7 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 245,958246.0k $2.6m $2.6m 0.02% New
8 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 189,689189.7k $2.0m $2.0m 0.00% Added +90.7k +90,706
9 Soltis Investment Advisors LLC 0.10% of their portfolio ST. GEORGE, UT 160,571160.6k $1.7m $1.7m 0.10% Reduced -401.1k -401,094
10 Persium Advisors, LLC 1.00% of their portfolio ATLANTA, GA 144,900144.9k $1.5m $1.5m 1.00% New
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 117,701117.7k $1.3m $1.3m 0.00% Added +54.4k +54,391
12 Philip James Wealth Mangement, LLC 0.13% of their portfolio MILTON, GA 111,930111.9k $1.2m $1.2m 0.13% Reduced -7.9k -7,872
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 110,514110.5k $1.2m $1.2m 0.00% Reduced -73.2k -73,176
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 78,27078.3k $832.0k $832.0k 0.00% Added +13.8k +13,842
15 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 73,17873.2k $777.9k $777.9k 0.02% New
16 ZEGA Investments, LLC 0.10% of their portfolio PALM BEACH GARDENS, FL 57,93557.9k $615.8k $615.8k 0.10% Added +18.6k +18,607
17 Arrowroot Family Office, LLC 0.15% of their portfolio MARINA DEL REY, CA 48,76448.8k $518.4k $518.4k 0.15% New
18 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 45,43045.4k $482.0k $482.0k 0.00% Added +23.3k +23,315
19 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 39,01639.0k $414.7k $414.7k 0.00% Added +82 +82
20 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 38,07838.1k $404.8k $404.8k 0.00% Added +35.9k +35,934
21 Fermata Advisors, LLC 0.08% of their portfolio SONOMA, CA 37,25237.3k $396.0k $396.0k 0.08% New
22 Mezzasalma Advisors, LLC 0.07% of their portfolio TINTON FALLS, NJ 34,28134.3k $364.4k $364.4k 0.07% Added +131 +131
23 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 32,40832.4k $344.5k $344.5k 0.01% New
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,19331.2k $331.6k $331.6k 0.00% New
25 Centric Wealth Management 0.05% of their portfolio CHICAGO, IL 30,88230.9k $338.0k $338.0k 0.05% Unchanged
26 Southland Equity Partners LLC 0.06% of their portfolio WILDWOOD, MO 30,45930.5k $323.8k $323.8k 0.06% Added +13.2k +13,153
27 Firestone Capital Management 0.06% of their portfolio SOUTH MIAMI, FL 29,55329.6k $314.1k $314.1k 0.06% Unchanged
28 Avestar Capital, LLC 0.02% of their portfolio New York, NY 25,47425.5k $270.8k $270.8k 0.02% New
29 Comprehensive Money Management Services LLC 0.17% of their portfolio CORAL GABLES, FL 25,23625.2k $268.3k $268.3k 0.17% Reduced -28.1k -28,050
30 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 23,62723.6k $251.2k $251.2k 0.00% New
31 Gladstone Institutional Advisory LLC 0.01% of their portfolio Bedminster, NJ 20,29820.3k $215.8k $215.8k 0.01% Added +20 +20
32 Orcam Financial Group 0.10% of their portfolio ENCINITAS, CA 18,50018.5k $196.7k $196.7k 0.10% Unchanged
33 Maridea Wealth Management LLC 0.02% of their portfolio BROOKLYN, NY 17,89017.9k $190.2k $190.2k 0.02% New
34 Sierra Capital LLC 0.02% of their portfolio MIAMI, FL 16,70016.7k $177.5k $177.5k 0.02% Reduced -49.1k -49,100
35 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 15,52715.5k $165.1k $165.1k 0.00% Added +5.1k +5,122
36 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 10,97011.0k $116.6k $116.6k 0.00% Reduced -2.8k -2,757
37 Resurgent Financial Advisors LLC 0.03% of their portfolio ATLANTA, GA 10,53710.5k $112.0k $112.0k 0.03% Added +43 +43
38 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 10,50010.5k $111.6k $111.6k 0.00% New
39 Simplicity Wealth,LLC 0.00% of their portfolio SUMMIT, NJ 10,40010.4k $110.6k $110.6k 0.00% Unchanged
40 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 10,00010.0k $106.3k $106.3k 0.00% Unchanged
41 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 6,0336.0k $64.1k $64.1k 0.00% New
42 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 5,2575.3k $56.0k $56.0k 0.00% Unchanged
43 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 3,4183.4k $36.3k $36.3k 0.00% Unchanged
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,5552.6k $27.2k $27.2k 0.00% Added +2 +2
45 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,0002.0k $21.3k $21.3k 0.00% Unchanged
46 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,7091.7k $18.2k $18.2k 0.00% First filing
47 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 838838 $8.9k $8.9k 0.00% Reduced -32 -32
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 400400 $4.0k $4.0k 0.00% Unchanged
49 Triumph Capital Management 0.00% of their portfolio DENVER, CO 300300 $3.2k $3.2k 0.00% Unchanged
50 SHP Wealth Management 0.00% of their portfolio PLYMOUTH, MA 267267 $2.8k $2.8k 0.00% New
51 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 255255 $2.7k $2.7k 0.00% Unchanged
52 FIDUCIARY FINANCIAL ADVISORS 0.00% of their portfolio GRAND RAPIDS, MI 200200 $2.1k $2.1k 0.00% New
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4242 $450 $450 0.00% Reduced -958 -958
54 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 3333 $323 $323 0.00% New
55 COMPASS FINANCIAL MANAGEMENT LLC 0.00% of their portfolio TAMPA, FL 3333 $343 $343 0.00% First filing
56 Noble Wealth Management PBC 0.00% of their portfolio GREENWOOD VILLAGE, CO 1111 $117 $117 0.00% Unchanged
57 Lloyd Advisory Services, LLC. 0.00% of their portfolio SUWANEE, GA 99 $94 $94 0.00% New
58 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 55 $54 $54 0.00% Unchanged